Inventory Management of Medical Equipment Vendors under the Uncertain Demand
The remarkable interest in the supply chain management related research in the last decade has been due to its potential to improve the efficiency of operations and reduce cost. Vendor managed inventory is an integrated approach for market patricians coordination according to which the vendor decides on the appropriate inventory levels within bounds. The coordination problem for a two stage supply chain composed of a medical equipment supplier and a retailer is considered in this paper. The inventory management of medical equipment vendors under the uncertain demand is analysis and the model is designed, the variables of shortage cost and inventories cost are derived on the two cases with the demand fluctuations and the results are also discussed.
Helen Zhang, Gang Shen and David Jin
L. Shi and X. Ma, "Inventory Management of Medical Equipment Vendors under the Uncertain Demand", Advanced Materials Research, Vols. 225-226, pp. 1129-1132, 2011